The Philippines continues to have the fastest growing corporate bond market in the emerging East Asia region, expanding by 27.9 percent year-on-year in the first quarter of 2014, Manila-based lender Asian Development Bank (ADB) said.
In the latest Asia Bond Monitor report, ADB said that the total outstanding local currency (LCY) corporate bond market of the Philippines during the quarter reached $15 billion from the $13 billion recorded a year ago.
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